The latest data published by crypto analysis company Santiment shows that wallets holding large amounts of crypto assets have started to accumulate again as Bitcoin continues to trade near the $71,000 level. The total BTC rate held by addresses storing between 10 and 10,000 Bitcoins has increased again in the last seven days.
Confidence of Large Investors Increases
According to Santiment’s report, the share of wallets holding between 10 and 10,000 BTC in total Bitcoin in circulation increased to approximately 68.17 percent. This rate was measured as 68.07 last week. While the purchases of large investors during this period are interpreted as a “positive return”, it is considered to be effective in increasing confidence in the market.
The accumulation trend came to the fore as Bitcoin price stabilized near $71,000 following volatility in the crypto market in recent weeks. According to CoinMarketCap’s current price data, Bitcoin was changing hands around $71,350 at the time the news was being prepared. This level indicates an increase of approximately 6 percent in one week.
Small Investor Movements Are Watched Closely
In Santiment’s assessment, the behavior of small and large investors in the cryptocurrency market is closely monitored. The company notes that historically, significant declines in Bitcoin have coincided with small investors transferring their coins to larger wallets that hold them for the longer term. In the company’s evaluation, the statement was made: “The ideal situation would be for the share of large investors to increase while the number of small wallets decreases.”
Periods when small wallet holders decline and large wallet holders continue to accumulate are considered as signs of long-term bottom formation.
In addition, Santiment states that there is still uncertainty in the overall market. It is emphasized that there is no definitive signal for the market base, especially if individual investors remain optimistic. It is noteworthy that previous bottom points in Bitcoin were generally observed during periods when small investors started selling.
The Crypto Fear & Greed Index, which measures investor sentiment, continued to remain in the “Extreme Fear” zone at 16 as of last Sunday. Despite the rise in recent weeks, investors are generally cautious.
In the selling wave at the beginning of March, large Bitcoin holders released 66 percent of the BTC they collected between February 23 and March 3. At that time, the price rose above $70,000 and hit $74,000 for a short time.
Cautious Expectation in the Long-Term Outlook for Bitcoin
On-chain analyst Willy Woo argues that despite general optimism that a market recovery has begun, Bitcoin may still be in the middle of a bear market in terms of long-term liquidity cycles. Woo highlights the recovery in investor flows since mid-February. Additionally, as the volatility index (VIX) points to a decline in stock markets, an increase in risk appetite is expected in the short term.
The price of Bitcoin stabilized around $70,000 as geopolitical risks centered in Iran decreased. The latest recovery came after a short decline to the 63,000-66,000 dollar range due to the impact of rising oil prices and economic uncertainties. Declarations that the cooling of energy prices and geopolitical tension will decrease supported the rise in risky assets, including the S&P 500; Bitcoin also gained 4 percent in value on a daily basis.
Institutional investor interest also accelerated in this process. Spot Bitcoin exchange-traded funds traded in the US recorded inflows for five consecutive days for the first time in 2026, attracting a total of $767 million in new capital.
